When Microsoft invested $1 billion in OpenAI in 2019, it was weird. Now, the bet looks like one of the smartest investments in technology history. OpenAI announced last week that it's restructuring itself into a for-profit public benefit corporation. The move will create traditional stock that enables investors to get equity stakes in the business.As part of this, Microsoft will likely get a new equity stake in OpenAI that could be worth at least $150 billion, according to analysts at BNP Paribas and other ...

Core Points - President Donald Trump is suing The New York Times for defamation and libel, seeking $15 billion in damages [1] - The lawsuit was filed in the Tampa division of the Middle District of Florida by Trump's lawyer, Alejandro Brito, who has previously represented Trump in similar cases [2] - The lawsuit claims that the Times has engaged in a long-term pattern of malicious defamation against Trump, labeling the newspaper as a "mouthpiece of the Democrat Party" [7] Summary by Sections Lawsuit Details - The lawsuit accuses The New York Times and four of its journalists of attempting to destroy Trump's reputation and subjecting him to humiliation [2] - Specific articles and a book titled "Lucky Loser" by Times reporters are cited as part of the defamation [2] Previous Legal Actions - This is not the first lawsuit Trump has filed against The New York Times; a previous case in 2021 was dismissed, resulting in Trump owing the Times $392,638.69 in legal fees [9]

Core Insights - Meta's new smart glasses announcement was leaked ahead of the Meta Connect event, with the company itself being the source of the leak [1][2] - The leaked video showcased Meta's Ray-Ban and Oakley smart glasses featuring a heads-up display (HUD) and a wristband for interaction [3][4] - The leak potentially undermined the surprise element of the upcoming Meta Connect event, where the integrated HUD was expected to be a highlight [4] Product Features - The Ray-Ban glasses include a HUD that allows users to overlay maps and text onto their surroundings, along with a wristband for interaction [3] - The Oakley glasses feature a center camera and are designed for a wraparound fit [3] Market Context - Meta's smart glasses are part of a competitive landscape, with Google also developing smart glasses powered by Android XR, set to be released later this year [5] - Meta CEO Mark Zuckerberg emphasized the importance of smart glasses in future AI interactions, suggesting that non-users may face a "cognitive disadvantage" [6]

Core Insights - Robinhood is entering the banking sector by offering banking services for premium members, aiming to compete with established financial institutions like JPMorgan and Mastercard [1][2] - The new banking service will include traditional checking and savings accounts with luxury benefits, cash deliveries, international transfers, estate planning services, and whole-family accounts [2] - Robinhood's total platform assets amount to $304 billion, significantly smaller than JPMorgan's $4.6 trillion, indicating a substantial growth opportunity for Robinhood [9] Competitive Landscape - CEO Vlad Tenev highlighted that traditional banks have advantages such as regulatory experience, global scale, and a large customer base, but also face challenges in adopting new technologies and attracting top talent [3][4] - Tenev believes that Robinhood's agility and technological capabilities position it favorably against larger banks, allowing for quicker innovation and better talent acquisition [4] Future Aspirations - Robinhood is exploring the potential to become a comprehensive financial platform, encouraging users to deposit their funds directly into the app [8] - The company has seen increased user investment as it rolls out new features, suggesting a growing customer base and engagement [8] - Tenev posed the question of balancing the benefits of scale with the nimbleness of a technology startup, indicating a strategic focus for future growth [10]

Core Insights - Amazon is intensifying its focus on agentic AI by hiring two senior executives to enhance its developer tools and infrastructure for intelligent agents [1][2] - The company's cloud computing division, AWS, aims to establish itself as a leader in the agentic AI market, where intelligent software agents manage complex applications for users [2] Executive Hires - David Richardson has returned to AWS as Vice President of AgentCore, overseeing foundational agent infrastructure and related projects like Strands SDK and Agent Builder within Bedrock [3][4] - Joe Hellerstein has joined AWS as Vice President and Distinguished Scientist, focusing on advancing Kiro, AWS's agentic integrated development environment (IDE), which has attracted over 100,000 users in its first week [5][9] Strategic Initiatives - Richardson is expected to initiate new projects under the AgentCore umbrella, enhancing AWS's capabilities in agentic AI [4] - Hellerstein will integrate principles from his Hydro project into Kiro to improve the platform's reliability and appeal to developers [9][10] - The collaboration between Hydro and Kiro is anticipated to help customers build robust, high-performance distributed systems [10]

Core Insights - STARZ is currently offering its lowest subscription prices, making it one of the most affordable streaming services available [2][4][7] - The platform features a diverse range of content, including popular series and blockbuster movies, appealing to a wide audience [1][8] Pricing and Plans - The annual subscription plan is priced at $23.99, down from $69.99, representing a 66% discount [4][7] - The monthly subscription is available for $3.99, reduced from $10.99, which is a 64% savings [6][7] - The annual plan requires upfront payment for the full year, while the monthly plan allows for a three-month commitment [9][14] Content Offering - STARZ provides access to hit series such as "Outlander," "BMF," and "The Spanish Princess," along with popular movies like "Spider-Man: No Way Home" and "Fast X" [1][8] - The service is noted for its ad-free experience and frequent promotional deals throughout the year [6][7] Subscription Details - The current discounts are valid for the first year of the annual plan or the first three months of the monthly plan [9][12] - Existing subscribers can take advantage of the annual deal if they re-subscribe, while the monthly deal is exclusive to new subscribers [12] - The subscription will automatically renew at the standard price after the promotional period ends [9]

Core Insights - The iPhone 17's debut in China is reportedly successful, with preorders surpassing those of the iPhone 16 series on JD.com [1][2] - Analysts predict strong demand for the iPhone 17, with expectations of worldwide orders increasing by 5% to 10% compared to last year [4] - Despite the positive early indicators, there are concerns about competition from local brands like Huawei and Xiaomi, which may impact Apple's growth in the region [5][6] Group 1: Preorder Performance - Preorders for the iPhone 17 exceeded the first-day volume of the iPhone 16 series on JD.com, indicating strong initial interest [1] - The entry-level 256GB iPhone 17 emerged as the most popular model among consumers [2] Group 2: Analyst Predictions - Analysts from Wedbush Securities anticipate a 5% to 10% increase in worldwide orders for the iPhone 17, viewing it as a significant upgrade opportunity for consumers [4] - Forrester analyst Dipanjan Chatterjee noted the need for time to assess whether the early momentum will lead to substantial growth [3] Group 3: Competitive Landscape - Apple faces challenges in China, including potential delays for the new iPhone Air due to regulatory approvals [5] - Local competitors, particularly Huawei and Xiaomi, are expected to launch new products, which could pose a threat to Apple's market share [5][6] - Despite these challenges, Apple maintains a strong position among smartphone vendors in China [6]

Until he became the head of the Federal Housing Finance Agency and a warrior in President Trump's fight with the Federal Reserve, Bill Pulte was mostly known for posting on X. Under the handle @pulte, the businessman frequently sent groceries and gas money to people in need. In his governmental role, which he assumed in March, Pulte has continued to use X as a megaphone. Over the last six months, he has posted at least 13 official orders on his personal account — and they don't appear to be posted publicly ...

Core Insights - Elon Musk purchased approximately 2.6 million shares of Tesla for $1 billion, increasing his ownership stake from 12.7% to 12.8% [1][2] - Musk aims for at least 25% voting control of Tesla to maintain influence, but achieving this would require significant financial resources due to Tesla's market value of $1.2 trillion [2][3] - The recent purchase only marginally increased Musk's stake, highlighting the challenges of acquiring a larger ownership percentage through open market transactions [3][4] Ownership and Financial Implications - Musk's 2018 compensation plan includes 304 million shares currently tied up in legal disputes, which are not factored into his current ownership calculations [2] - Achieving a 25% ownership stake would necessitate purchasing an additional 12.2% of the company, estimated to cost over $150 billion, not accounting for potential stock price increases due to his purchases [3] - Musk's net worth is $419 billion, but a significant portion is tied up in Tesla and other illiquid assets, complicating the ability to raise cash for further acquisitions [4] Strategic Moves - Tesla's board has proposed a pay package that could grant Musk $1 trillion in stock if he meets specific operational goals and significantly increases Tesla's market value over the next decade [8] - Musk's recent stock purchase may also serve as a confidence signal in Tesla rather than a direct power grab, marking his first open-market purchase since 2020 [9]

Core Viewpoint - Elon Musk is increasing his ownership in Tesla by purchasing nearly $1 billion worth of shares, which is aimed at strengthening his control over the electric vehicle manufacturer [1] Group 1: Company Actions - Tesla's share price experienced a rise of over 6% in premarket trading following the announcement of Musk's stock purchase [1] Group 2: Financial Details - The total value of the shares purchased by Musk amounts to nearly $1 billion [1]